Summary of this article
Bitcoin steady above $110,000, showing resilience despite market fluctuations.
Ethereum declines, contrasting gains in Solana and Cardano.
Purple Pepe was trending cryptocurrency; Four FORM leads gainer, Pyth Network top loser.
Bitcoin has remained steady above the $110,000 level on Wednesday. At the time of writing, the total crypto market cap saw a marginal gain of 0.05 per cent to $3.81 trillion, while the 24-hour trading volume increased by 3.20 per cent to $172.85 billion.
Purple Pepe $PURPE was the most trending cryptocurrency. Its price was up by 30.14 per cent to $110,174.79, and its 24-hour trading volume was $7.09 million. Four FORM was the top gainer. It was up by 6.18 per cent, while its 24-hour trading volume was $60.30 million. Pyth Network PYTH was the top loser. It was down by 4.97 per cent, while its 24-hour trading volume was $155.50 million.
The DeFi market cap was at $41.19 billion, Coinmarketcap.com reported.
Edul Patel, CEO of Mudrex says, "Bitcoin is on an upward trend, gaining over 4 per cent since Monday's lows. This shift in momentum comes as the odds of a rate cut increased back to 90 per cent. Institutional demand continues to provide tailwinds to the market, with Strategy acquiring an additional 4,048 BTC. Meanwhile, Ethereum whale addresses rose by 4 per cent in just 10 days. Currently trading at $111,300, Bitcoin must clear the resistance at $113,650 to confirm a bullish structure, potentially setting the stage for a sustained recovery in the coming weeks."
Cryptocurrency Prices
Bitcoin (BTC): Bitcoin prices increased by 0.32 per cent to $110,700.65. Its 24-hour trading volume was $72.39 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin's market dominance was 57.40 per cent.
Ethereum (ETH): Ethereum prices were down by 1.97 per cent to $4,306.26. Its 24-hour trading volume was $38.12 billion. Its market dominance was 14.20 per cent.
Tether (USDT): Tether was trading at $1, same as yesterday. Its 24-hour trading volume was $123.22 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
XRP XRP prices were up by 0.27 per cent to $2.82. Its 24-hour trading volume was $7.10 billion.
Solana SOL prices were up by 2.41 per cent to $208.77. Its 24-hour trading volume was $9.08 billion.
Cardano ADA was trading at $0.8178, up by 1.11 per cent. Its 24-hour trading volume was $1.22 billion.
Avalanche AVAX was trading at $24.45, up by 1.74 per cent. Its 24-hour trading volume was $730.98 million.
Meme Coins
Dogecoin DOGE was up by 0.21 per cent, with a 24-hour price of $0.2146.
Shiba Inu SHIBA was up by 0.47 per cent to $0.00001234.
Decentralised Finance
DeFi Coin was up by 0.6 per cent and it was trading at $0.002310.
Yearn Finance was down by 0.97 per cent to $5,256.31, with a 24-hour trading volume of $17.18 million.
